This is a discussion on Banks not accepting checks within the online poker forums, in the Poker Deposits & Withdrawals section; Later on this year when U.S. banks stop accepting checks how can U.S. players get money off poker sites?

Here is an excerpt from the Forbes article. I know this is a serious issue for U.S. players, but I am cracking up here. Can anybody spot the funniest name ever?

The Justice Department is also using three older laws, most importantly the Wire Act, to go after online poker operators. The most significant precedent: In December 2008 Anurag Dikshit, an Indian-born founder of PartyGaming, pleaded guilty to violating the Wire Act for helping direct PartyGaming's online U.S. poker operations. Dikshit, who had reached out to the feds, agreed to pay $300 million and faces up to two years in jail when he is sentenced in December 2010. His fellow cofounders, including Americans Ruth Parasol DeLeon and Russell DeLeon, who, like Dikshit, live overseas, have neither settled nor been charged.

Pronounced "and your a dick shit"....LMAO

#6

13th February 2010, 5:50 PM

fletchdad [7,481]

Poker at: Weddings

Game: holdem

Anurag Dikshit, u have got to be joking..... I am torn between believing you, as in you cant make that up, but it is a hard one to...lol....swallow.

But on a serious note, this kind of action only applies to US players in the US?? I am a US citizen, living in Germany, using German banks, paying German taxes - YUK lol - so I am far from being involved with this am I not?? Does anyone know about this, and is any other country affected by similar laws???

#7

13th February 2010, 6:05 PM

WVHillbilly [22,659]

Online Poker at: Full Tilt

There is absolutely NOTHING in the UIGEA that will stop you from being able to cash a check. The UIGEA stops BANKS from dealing with poker rooms. So the gov't can confiscate funds from check processors (the banks the checks are drawn from) if they can catch them, but if you get a check your bank will cash it. If your bank refuses, get a new bank.

Poker players need to be knowledgeable about the laws so we can stop spreading false rumors, like this one.

#8

13th February 2010, 6:15 PM

kidkvno1 [12,513]

Poker at: PS play cash

Game: holdem

Also look at the date on it Forbes Magazine dated March 01, 2010....

#9

14th February 2010, 7:22 AM

steak vegita [151]

Online Poker at: pokerstars

Game: holdem

Quote:

Originally Posted by FEARFACTOR

Here is an excerpt from the Forbes article. I know this is a serious issue for U.S. players, but I am cracking up here. Can anybody spot the funniest name ever?

The Justice Department is also using three older laws, most importantly the Wire Act, to go after online poker operators. The most significant precedent: In December 2008 Anurag Dikshit, an Indian-born founder of PartyGaming, pleaded guilty to violating the Wire Act for helping direct PartyGaming's online U.S. poker operations. Dikshit, who had reached out to the feds, agreed to pay $300 million and faces up to two years in jail when he is sentenced in December 2010. His fellow cofounders, including Americans Ruth Parasol DeLeon and Russell DeLeon, who, like Dikshit, live overseas, have neither settled nor been charged.

Pronounced "and your a dick shit"....LMAO

I noticed that yesterday and i seriously LMFAO ROFL! Bet that guy had a rough childhood..

#10

14th February 2010, 7:50 AM

pedroman7 [352]

Poker at: bodog

Game: NLHE, PLO

re: Poker & Banks not accepting checks

Quote:

Originally Posted by WVHillbilly

There is absolutely NOTHING in the UIGEA that will stop you from being able to cash a check. The UIGEA stops BANKS from dealing with poker rooms. So the gov't can confiscate funds from check processors (the banks the checks are drawn from) if they can catch them, but if you get a check your bank will cash it. If your bank refuses, get a new bank.

Poker players need to be knowledgeable about the laws so we can stop spreading false rumors, like this one.

Yes you will still be cashing poker checks for years to come. You have nothing to worry about, expect maybe a processor getting busted between the time they send you the check and you cashing the check. In which case it would bounce but the poker site will send you another check asap. You may have to pay a fee to your bank but it would be a small price to pay if you look at the big picture.

#11

14th February 2010, 8:19 AM

cAPSLOCK [2,554]

Quote:

Originally Posted by FEARFACTOR

Ruth Parasol DeLeon and Russell DeLeon, who, like Dikshit...

This sentence alone shows how important the tiny little comma is.

#12

14th February 2010, 9:54 AM

DINGO8MYBABY [340]

Poker at: what's left

Game: stud hi/lo8b

Quote:

Originally Posted by cAPSLOCK

This sentence alone shows how important the tiny little comma is.

I learned more about writing from that than I did in English 102.

#13

14th February 2010, 3:15 PM

WVHillbilly [22,659]

Online Poker at: Full Tilt

Quote:

Originally Posted by cAPSLOCK

This sentence alone shows how important the tiny little comma is.

#14

14th February 2010, 8:50 PM

AUPhoenix [493]

Poker at: Full Tilt

Game: Holdem

Banks not accepting checks

Maybe one day I will cash my entire bankroll, all 99 cents. I hope the bank will cash and it does not bounce.

P.S. knowing my luck the IRS would make an example of me and prosecute to the full extent of some little known law.